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Tamerlane Ventures Inc. V.TAM



TSXV:TAM - Post by User

Comment by LoserLoserLoseron Sep 26, 2012 4:35pm
191 Views
Post# 20417574

RE: RE: " It's worth less than nothing."

RE: RE: " It's worth less than nothing."

Of course they knew about extension and maybe they will get it. The problem is long term. TAM is not producing and can only burn money so what TAM need is higher Zinc prices above 1.3 US/lb to get financing. That will be the case in 2014-2015 but till then Tam needs to survive. Getting new Loan was too risky for TAM. Many companies go BK because of high debt compared to market cap value. If TAMs market cap drops to 2M (in current panic) then it will be very difficult to rise money. Tams management should now support share price if they dont want to go bust.  Some 1-2M buying in open market should be okey to support share price. But i doubt it will happen. Maybe there will be a bounce to 0.07-0.075 in the next days in hope of some positive movements from management in the future.

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